• China's renmimbi looks like this right now (via Pixabay).
    Asia & Australia

    China ready to launch central bank cryptocurrency

    Facebook loses out to Chinese tech giants Alibaba and Tencent, which will join major banks in distributing the new digital asset

    Forbes’ Michael del Castillo reported on August 27 that the national bank’s digital currency will be a permissioned blockchain controlled by the central bank, and is intended to replace the bills and coins used in daily transactions rather than the renminbi itself.

  • China's flag and bitcoin
    Asia & Australia,  Cryptocurrencies,  Libra

    Chinese central banker says digital yuan coming soon

    The central bank-issued digital currency will not be on a traditional blockchain and will not disrupt the existing financial system, according to the People’s Bank of China official

    The People’s Bank of China (PBOC) Deputy Director Mu Changchun said the bank’s “digital currency can now be said to be ready” at the China Finance 40 Forum in Yichun this weekend, according to Shanghai Securities News.

  • Tron CEO Justin Sun showing he's not a hostage, posing with his "comms guy" whom he also called his "bodyguard," via Twitter, July 23, 2019.
    Alt coins,  Asia & Australia

    Justin Sun-Warren Buffett $4.6 million lunch delay mystery deepens

    Calling into question Sun’s story of kidney stones, the Tron founder posted an abject apology on Weibo for over-marketing the meal

    On Thursday, Sun wrote an abject, public apology on his Chinese Weibo account for “over-marketing” his high-profile lunch with Berkshire Hathaway chairman and CEO Warren Buffett. Two months ago, Sun spent $4.6 million in a charity auction to win the lunch with the legendary investor, and has been hyping it by inviting his seven allotted guests one at a time via Twitter.

  • Justin Sun with YouTuber BitBoy Crypto and CryptoWendyO at the afterparty for Tron Influencer Day (photo by Faran Thomason).
    Alt coins,  Asia & Australia,  Media,  Uncategorized

    Tron influencers ate Warren Buffett’s lunch and loved it

    Justin Sun woos YouTubers at afterparty

    It’s been a strange week covering Tron. What was supposed to be a conversation with legendary investor Warren Buffett on the merits of building the new global economy with cryptocurrency quickly devolved into a non-event. The planned $4.6 million charity lunch was abruptly cancelled due to Justin Sun’s health concerns.